2901 Van Buren Place

2901 Van Buren Place

Los Angeles, CA 90007

$2,750,000
Last Sold Price
18
Beds
13
Baths
7,394 Sq. Ft.
$372 / Sq. Ft.
7,394
Sq. Ft.
$372
per Sq. Ft.

Sold 10/19/22

Sold 10/19/22

Description

5% current cap rate, dps patrol zone 8 unit apartment comes with 50% vacancy on 9,923 sf corner lot. One-of-a-kind opportunity to acquire this turnkey 8 unit, located within the DPS Patrol Zone and shuttle service with just a short distance to the University of Southern California. The subject property is located in the highly desired North University Park Historic District and has been remodeled with attention to detail featuring hardwood floors, new kitchen with brand new cabinets and quartz countertops,...5% current cap rate, dps patrol zone 8 unit apartment comes with 50% vacancy on 9,923 sf corner lot. One-of-a-kind opportunity to acquire this turnkey 8 unit, located within the DPS Patrol Zone and shuttle service with just a short distance to the University of Southern California. The subject property is located in the highly desired North University Park Historic District and has been remodeled with attention to detail featuring hardwood floors, new kitchen with brand new cabinets and quartz countertops, stainless steel appliances, tiled showers, and recess lightings. This spacious property had 7,394 square feet of living space on a tranquil tree-lined 9,923 square feet corner lot which is only a 3-minute drive from the campus. The asset is comprised of 2 separate buildings which come with 4 units each. The front building consists of two (1) 3-bedrooms, two (2) 1-bedrooms, and the rear building which has 4 studio units. Currently there are total of non-conforming 18 bedrooms and 13 bathrooms on the property. The sale also includes the progress plan of ADU to make 9th unit by converting a portion of the garage creating incredible upside potentials. The property is separately metered for Gas and Electric.
  1. Listed by Vinnie Park • DRE #02015848 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 2901 Van Buren Place

Zoning
LAR3
Parcel Number
5054013021
Total Units
8.0
Living Area
7394
Source Living Area
Assessor
Area
Mid Los Angeles (C16)
Vacancy Rate
0%
Lot Size Area
9923

Location

Listing Courtesy of Coldwell Banker Realty, Vinnie Park, DRE #02015848

Sold By Non-Participant Office, Subscriber Non, DRE #13252

Add your commute
LISTING UPDATED: 10/21/2022 08:11 AM

Property Details for 2901 Van Buren Place

StatusSold
MLS #22-173905
Days on Market71
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1911
Lot Size0.23 AC / 9,923 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Vinnie Park, DRE #02015848

Sold By Non-Participant Office, Subscriber Non, DRE #13252

Add your commute

Building Information for 2901 Van Buren Place

Stories-Residences-Year Built1911Building Size-Lot Size0.23 AC / 9,923 SF

Payment Calculator

$17,876 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,008

Property Taxes

$2,868

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2901 Van Buren Place

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 8 Units
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $250,362
  • Net Operating Income: $181,288.00
  • Gross Income: $0
  • Cap Rate: 5.00%
  • Gross Rent Multiplier: $14.48
  • Total Annual Expense: 66820
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2278
  • Lot Size Square Feet: 9923
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 6
  • Parking Features: Assigned
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-30-2022
Unit Details
Unit 1 Information
  • Unit Beds: 5
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $5,500.00
  • Unit Actual Rent: $5,500.00
  • Unit Projected Rent: $5,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $5,000.00
  • Unit Actual Rent: $5,000.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $449.50
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $450.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $464.50
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $465.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $449.50
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $450.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $577,117.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $865,676.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $1,442,793.00

Property History for 2901 Van Buren Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2901 Van Buren Place

Taxable ValueLand$1,650,000Additions$1,100,000Total$2,750,000
Tax Record2023$34,410 ($2,868 / month)
Home Facts
Total Finished SqFt7,394 SqFtAbove Grade Finished SqFt7,394 SqFtLot Size9,923 SqFtStyleMulti-Family Res (5+ Units)Year Built1911ZoningLAR3CountyLOS ANGELESAPN5054-013-021

Schools near 2901 Van Buren Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Vermont Avenue Elementary School
Public - K to 5
Foshay Learning Center
Public - K to 12
Manual Arts Senior High School
Public - 9 to 12
Stem Preparatory Academy
Charter - K to 5
Rating
School
Distance
Vermont Avenue Elementary School
PublicK to 5

Foshay Learning Center
PublicK to 12

Manual Arts Senior High School
Public9 to 12

Stem Preparatory Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Coldwell Banker Realty, Vinnie Park, DRE #02015848

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.